105 Bingham DrBrooklynMI49230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Brooklyn at 105 Bingham Dr, Brooklyn, MI, 49230 offers $2,480/mo rent that, after a $1,406/mo payment, leaves $549/mo cash flow. Total monthly income is $2,480/mo, and annual cash flow is $6,593/yr on $95,194 cash. Return on cash invested measures 26.83% in year one, and rental yield stands at 10.36% at a $287,160 entry. Equity gained on principal adds $1,853/yr while 5% annual appreciation compounds into $79,337 by year five. Five-year ROI records 140.72% and total cumulative return in cash reaches $133,957. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,480/mo property income versus a $1,406/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,454 sqft lot
$N/A/sqft
$437 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49230, Brooklyn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,239 (100%) |
| Owner Occupied HU | 4,032 (64.6%) |
| Renter Occupied HU | 493 ( 7.9%) |
| Vacant Housing Units | 1,714 (27.5%) |
| Median Home Value | $300,447 |
| Average Home Value | $341,062 |
Housing Distribution
Address Breakdown
Residential
5,485
Single Family
5,392
Multi-Family
93
Businesses
263
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